As per Rule 31B of GST, the total amount paid to or deposited with the online gaming platforms will be subjected to 28% GST. The same will be collected by platform and deposited to Government account.
Example: When a player pays/deposits ₹128, this amount will be considered as inclusive of GST and basic amount of Rs.100 will be credited to the Adda 52 wallet. The balance Rs.28 will be considered as GST collection and the same will be paid to Government account. While calculating players PnL, the entire ₹128 will be considered as investment.
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